Archive · 23 May 2025
ED Raids on Bajwa Developers, Seizes Assets in Mohali
The ED, which is like a financial police, searched the offices and homes of a real estate company called Bajwa Developers.
They believe the company's owner, Jarnail Singh Bajwa, and his team took money from people for houses but didn't deliver the houses.
The ED found a lot of cash, luxury cars, and important documents.
They're now checking bank accounts and looking for other assets.
The company owner is already in jail, and the ED is trying to figure out where all the stolen money went.
They might take more action like seizing assets and making more arrests.
ED conducted raids against Bajwa Developers Ltd. and associates in Mohali.
Rs 42 lakh in cash and four luxury vehicles were seized.
Incriminating documents and bank accounts were frozen.
The ED investigation stems from multiple FIRs related to defrauding homebuyers.
MD Jarnail Singh Bajwa is currently in Ropar Jail.
- Who
- Enforcement Directorate (ED) against Bajwa Developers Ltd. and associates
- What
- ED conducted raids and seized assets
- When
- Wednesday and Thursday
- Where
- Mohali
- Why
- For alleged money laundering related to defrauding homebuyers.
- Agency
- Enforcement Directorate (ED)
- Location of Raids
- Mohali
- Target
- Bajwa Developers Ltd. and associates
- Seized Cash
- Rs 42 lakh
- Seized Vehicles
- Four luxury cars
- Reason for Investigation
- Money laundering, defrauding homebuyers
- Amount defrauded (approx.)
- Rs 3.17 crore
- MD currently in Jail
- Jarnail Singh Bajwa